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Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
Effective January 1, 2023, as a result of the implementation of a new operating model intended to drive further simplification and unlock additional efficiencies and synergies within the Company, the CODM now reviews the businesses as three operating segments: Home and Commercial Solutions, Learning and Development and Outdoor and Recreation. The Home and Commercial Solutions operating segment represents the combination of the previously reported Commercial Solutions, Home Appliances and Home Solutions operating segments. Prior period comparable results have been reclassified to conform to the operating segment change.

On March 31, 2022, the Company sold its CH&S business unit to Resideo Technologies, Inc. The results of operations for CH&S continued to be reported in the Consolidated Statements of Operations as part of the Home and Commercial Solutions segment through March 31, 2022.

The Company’s three primary operating segments are as follows:

SegmentKey BrandsDescription of Primary Products
Home and Commercial Solutions
Ball(1), Calphalon, Crockpot, FoodSaver, Mapa, Mr. Coffee, Oster, Rubbermaid, Rubbermaid Commercial Products, Sistema, Spontex, Sunbeam, WoodWick and Yankee Candle
Commercial cleaning and maintenance solutions; closet and garage organization; hygiene systems and material handling solutions; household products, including kitchen appliances; food and home storage products; fresh preserving products; vacuum sealing products; gourmet cookware, bakeware and cutlery and home fragrance products
Learning and DevelopmentDymo, Elmer’s, EXPO, Graco, NUK, Paper Mate, Parker and SharpieBaby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based products and labeling solutions
Outdoor and RecreationCampingaz, Coleman, Contigo and MarmotActive lifestyle products for outdoor and outdoor-related activities; technical apparel and on-the-go beverageware
(1) Ball Logo.gif and Ball®, TM of Ball Corporation, used under license.

This structure reflects the manner in which the CODM regularly assesses information for decision-making purposes, including the allocation of resources. The Company also provides general corporate services to its segments which is reported as a non-operating segment, Corporate.
The Company’s segment and geographic results are as follows at and for the years ended December 31, (in millions):
 202320222021
Net sales (1)
Home and Commercial Solutions (3)
$4,428 $5,194 $6,077 
Learning and Development2,706 2,950 3,028 
Outdoor and Recreation999 1,315 1,484 
$8,133 $9,459 $10,589 
 202320222021
Operating income (loss) (2)
Home and Commercial Solutions (3)
$37 $(212)$566 
Learning and Development213 593 600 
Outdoor and Recreation(83)86 90 
Corporate(252)(155)(243)
$(85)$312 $1,013 
 202320222021
Depreciation and amortization
Home and Commercial Solutions (3)
$163 $145 $169 
Learning and Development71 60 57 
Outdoor and Recreation35 34 35 
Corporate65 57 64 
$334 $296 $325 
 202320222021
Impairment of goodwill and intangible assets
Home and Commercial Solutions (3)
$76 $444 $29 
Learning and Development241 30 31 
Outdoor and Recreation22 — — 
$339 $474 $60 
 202320222021
Capital expenditures
Home and Commercial Solutions (3)
$93 $107 $131 
Learning and Development60 70 73 
Outdoor and Recreation16 21 24 
Corporate115 114 61 
$284 $312 $289 
 December 31, 2023December 31, 2022
Segment assets
Home and Commercial Solutions $4,713 $5,243 
Learning and Development4,111 4,494 
Outdoor and Recreation687 920 
Corporate2,652 2,605 
$12,163 $13,262 
Geographic area information
202320222021
Net Sales (1) (4)
United States$5,129 $6,144 $6,921 
Canada313 375 444 
Total North America5,442 6,519 7,365 
Europe, Middle East and Africa1,283 1,408 1,647 
Latin America863 837 810 
Asia Pacific545 695 767 
Total International2,691 2,940 3,224 
$8,133 $9,459 $10,589 
(1)All intercompany transactions have been eliminated.
(2)Operating income (loss) by segment is net sales less cost of products sold, SG&A, restructuring and impairment of goodwill, intangibles and other assets. Certain headquarters expenses of an operational nature are allocated to business segments primarily on a net sales basis. Corporate depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization are included in segment operating income (loss).
(3)Home and Commercial Solutions net sales, operating income, depreciation and amortization, capital expenditures and segment assets exclude the CH&S business as a result of the sale of this business starting from the end of the first quarter of 2022.
(4)Geographic sales information is based on the region from which the products are shipped and invoiced. Long-lived assets by geography are not presented because it is impracticable to do so.

The Company’s largest customer, Walmart Inc. and subsidiaries (“Walmart”), accounted for approximately 15.0%, 14.0% and 15.0% of net sales in 2023, 2022 and 2021, respectively. Amazon, the Company’s second largest customer, accounted for approximately 13.0% of net sales in each of 2023, 2022 and 2021.
The following table disaggregates revenue by major product grouping source and geography for the years ended December 31, (in millions):
202320222021
Commercial$1,434 $1,582 $1,558 
Kitchen2,244 2,618 3,033 
Home Fragrance750 885 1,091 
Connected Home and Security— 109 395 
Home and Commercial Solutions4,428 5,194 6,077 
Baby989 1,197 1,265 
Writing1,717 1,753 1,763 
Learning and Development2,706 2,950 3,028 
Outdoor and Recreation999 1,315 1,484 
$8,133 $9,459 $10,589 
North America
Home and Commercial Solutions$2,942 $3,625 $4,319 
Learning and Development1,937 2,156 2,172 
Outdoor and Recreation563 738 874 
$5,442 $6,519 $7,365 
International
Home and Commercial Solutions$1,486 $1,569 $1,758 
Learning and Development769 794 856 
Outdoor and Recreation436 577 610 
$2,691 $2,940 $3,224 
TOTAL
Home and Commercial Solutions$4,428 $5,194 $6,077 
Learning and Development2,706 2,950 3,028 
Outdoor and Recreation999 1,315 1,484 
$8,133 $9,459 $10,589